Every assessee is required to submit to the Return of Income to the Income Tax Department under section 139(1) of Income Tax Act, 1961. The Return of Income can be filed by the assessee in the Form prescribed by the Department in this regard. Here in this article, we will discuss about the various types of Income Tax Return (ITR) Forms used:
| ITR Form | Applicable to Whom | Source of Incomes | Remarks |
| ITR-1 (SAHAJ) | Individual – Resident having Total Income up to ₹50 lakhs. | 1. Salary / Pension
2. One House Property 3. Other sources (Interest, Family Pension, Dividend etc.) 4. Agricultural Income up to ₹ 5,000 |
ITR-1 cannot be used by a person who:
(a) is a Director in a company (b) has held any unlisted equity shares at any time during the previous year (c) has any asset (including financial interest in any entity) located outside India (d) has signing authority in any account located outside India (e) has income from any source outside India (f) is a person in whose case tax has been deducted u/s 194N (g) is a person in whose case payment or deduction of tax has been deferred on ESOP (h) who has any brought forward loss or loss to be carried forward under any head of income |
| ITR-2 | Individual and HUF | Who is not eligible for filing ITR-1
(a) having Income from Salary, House Property, Capital Gain and Other Source |
ITR-2 cannot be used by a person who:
(a) has Income under the head Profits and Gains of Business or Profession |
| ITR-3 | Individual and HUF | Who is not eligible for filing ITR-1, 2 or 4 and having Income under the head Profits and Gains of Business or Profession | – |
| ITR-4 (SUGAM) | Individual & HUF – Resident
or Firm (Other than LLP) – Resident Having income from Business or Profession which is computed on a presumptive basis (U/s 44AD / 44ADA / 44AE) and Total Income up to ₹50 lakhs. |
1. Salary / Pension
2. One House Property 3. Other sources (Interest, Family Pension, Dividend etc.) 4. Agricultural Income up to ₹ 5,000 5. Business or Profession on a presumptive basis (U/s 44AD / 44ADA / 44AE) |
ITR-4 cannot be used by a person who:
(a) is a Director in a company (b) has held any unlisted equity shares at any time during the previous year (c) has any asset (including financial interest in any entity) located outside India (d) has signing authority in any account located outside India (e) has income from any source outside India (f) is a person in whose case payment or deduction of tax has been deferred on ESOP (g) who has any brought forward loss or loss to be carried forward under any head of income |
| ITR-5 | ITR-5 can be used by a Person being a:
1. Firm 2. Limited Liability Partnership (LLP) 3. Association of Persons (AOP) 4. Body of Individuals (BOI) 5. Artificial Juridical Person (AJP) referred to in clause (vii) of Section 2(31) 6. Local Authority referred to in clause (vi) of Section 2(31) 7. Representative Assessee referred to in Section 160(1)(iii) or (iv) 8. Cooperative Society 9. Society registered under Societies Registration Act, 1860 or under any other law of any State 10. Trust other than Trusts eligible to file Form ITR-7 11. Estate of Deceased Person 12. Estate of an Insolvent 13. Business Trust referred to in Section 139(4E) 14. Investments Fund referred to in Section 139(4F) |
– | ITR-5 cannot be used by a person who:
(a) is required to file the Return of Income u/s 139(4A) or 139(4B) or 139(4D)
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| ITR-6 | Applicable for Companies other than those claiming exemption u/s 11. | Company includes:
(a) Indian Company (b) Body Corporate Incorporated by or under the laws of country outside India (c) Any institution, association or body, whether incorporated or not and whether Indian or Non-Indian which is declared by general or special order of the Board, to be Company, etc. |
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| ITR-7 | Applicable for Persons including Companies who are required to furnish return U/s 139(4A) or Section 139(4B) or Section 139(4C) or Section 139(4D)
139(4A) – Income derived from Property held under Trust wholly / in part for charitable or religious purposes. 139(4B) – Chief Executive Officer of every Political Party 139(4C) – Various entities like Research Association, News Agency, etc. mentioned in Section 10 139(4D) – University, College or other Institution referred in Section 35 |
– | The category of persons whose income is unconditionally exempt under various clauses of Section 10, and who are not mandatorily required to furnish their Return of Income under the provisions of Section 139, may use this form for filing return (for instance – Local Authority). |
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